Nevada coach Chris Ault led the Wolf Pack to big success last season. His reward? A contract extension through 2014 – and a pay cut.

According to a school press release obtained by College Football Talk, Ault will “voluntarily incur a 4.8 percent salary reduction on the portion of his salary funded through the State of Nevada’s budget allocation to the University.”

Under his current contract, Ault, as of July 1, would have made $476,065. However, with the salary reduction for fiscal year 2012, he will make $40,956 less – $435,119 – of which $158,131 represents state funds.

Nevada finished 13-1 in 2010, including a remarkable victory over Boise State.

“Wolf Pack football had an incredible season last year, one that put the program on the national radar and energized our community of Wolf Pack fans,” said athletic director Cary Groth. “Coach Ault is an experienced, successful coach, and he remains the right person o lead this program.”